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In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in

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In 2024, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2026 . Information related to the contract is as follows: Westgate recognizes revenue over time according to percentage of completion. Journal entry worksheet 4 Record construction costs. Note: Enter debits before credits. Note: Enter debits before credits. Note: Enter debits before credits. Record gross profit (loss). Note: Enter debits before credits

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